Global Economy
May 27th, 2006 | by winsonlee |There are news indicating the slow down of economy especially in the US.
The most obvious indication is when people starts getting concious on what they spend.
Interest rates goes up and some business that are no longer able to serve the loan they borrow due to high interest rates will goes bankrup.
Recession can be opportunity to many people and can be a down turn to many businesses as well.
Still remember how YTL bought lot 10, star hill and jw mariott during the economy down turn ??
That is what i said recession can create opportunity to certain people as well.
Having cash on hand during recession is the most important factor to make use of the opportunity that exist in the market.
Share prices will be low and there is when people are able to get cheap property.
Still remember on Sept 1, 1998, the day when our PM make the decision to peg malaysian currency ??
And during that time our deputy PM, anuar was caught as well for corruption.
Our currency was devalued by speculators who wanted to make much profit.
During then, the CI went down to as low as 270.
Probably it is something that you will never see again in your lifetime.
still remember those days when IMF offer indonesia funds for their country ??
does IMF helps to make the country economy any better ??
what i remember during then was IMF was there to suck the money out from their country.
For more information :
Capital controls in Malaysia
